EBF MORNING BRIEF Thursday 8 December 2022 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA Bloomberg: EU new rules to spur clearing shift to Europe from London The EU will require banks to monitor their exposure to clearinghouses and maintain active clearing accounts in the bloc as part of new financial market rules put forward by its executive. The new measures will also allow clearing services providers to expand their product range quicker and easier, and help increase the transparency of margin calls. “We are preparing our capital markets for the future,” McGuinness told Bloomberg. Read more
Finextra: ECB publishes documents on digital euro prototyping exercise
The European Central Bank (ECN) is running a digital euro prototyping exercise and provided the five selected companies documentation to carry out the experimental work, Finextra reports. The design of the prototype does not assume any particular choice of technology, nor does it commit the Eurosystem to provide a digital euro. Read more
Reuters: Italy considers new tax on banks to cut digital payment costs
Italy's governing coalition is discussing a "solidarity tax" on banks that would be used to cut fees on digital payments for shopkeepers, lawmakers said. According to Reuters, Maurizio Lupi, leader of a small centrist party within the coalition, added that Rome was seeking ways to erase bank commission fees for digital payments under 15 or 20 euros. Read more |
|
MAIN EVENTS
Thursday 8 December
Friday 9 December
For a full-year overview of key financial regulation events: click here |
|
FROM EBF MEMBERS UK Finance: Human trafficking: a transnationally organised activity? UK Finance published a brief overview of increasing serious organised criminal involvement with modern slavery and human trafficking. 'We all have a part to play in reducing the ease and profitability of the practice,' UK Finance writes. Read more
BdB: Position on ESMA Call for Evidence SRD II
The Association of German Banks (BdB) commented on the Call for Evidence on the implementation of Chapter Ia and Article 3j of the Shareholder Rights Directive II by the European Securities and Markets Authority (ESMA). Read more ABBL: Worldwide crackdown against money laundering Law enforcement from 25 countries, supported by Europol, Eurojust, INTERPOL, and the European Banking Federation (EBF) have joined forces to crack down on money muling. As reported by the Luxembourg Bankers Association (ABBL), the European Money Mule Action (EMMA8) is the largest international operation of its kind, built around the idea that public-private information sharing is key to fighting complex modern crimes. Read more |
|
FROM THE INSTITUTIONS ECB: Crypto dominos Fabio Panetta, Member of the Executive Board of the European Central Bank (ECB) spoke about crypto dominos and argued that crypto-assets can quickly collapse when irrational exuberance subsides. For this reason, it is key to focus on protecting inexperienced investors and preserving the stability of the financial system. Read more
EC: Capital Markets Union
The European Commission (EC) has put forward measures to further develop the EU's Capital Markets Union (CMU). The aim is to make EU clearing services more attractive and resilient, to harmonize certain corporate insolvency rules across the EU, and to alleviate the administrative burden for companies of all sizes, in particular SMEs, so that they can better access public funding by listing on stock exchanges. Read more BIS: Financial technology, financial inclusion, and competition policy In a speech published by the Bank for International Settlements (BIS), Alessandra Perrazzelli, Deputy Governor of the Bank of Italy discusses innovation technology in the financial sector. 'We are ready to do our utmost to support responsible innovation, where resilience and adaptability are opposite sides of the same coin,' she says. Read more |
|
FROM THE EBF
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
|
ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
|
This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
|
|
|
|
